The financial terms of the deal were not disclosed, but according to project44, the acquisition will create “the first truly global visibility platform” and the largest platform across North America and Europe, with connections to 175,000 capacity providers and more than 550 telematics data providers and integrations with all major transportation management systems (TMS), such as SAP, Oracle and JDA, as well as accelerate the development of future visibility offerings.
Company officials said the merged product offering will be designed to meet the needs of a wide range of cargo owners, from manufacturers and retailers to end consumers, looking for a “single view” into their entire supply chain operations to increase transparency, predictability and efficiency. In order to ensure a smooth integration, project44 immediately will make all GateHouse Logistics solutions available in its Advanced Visibility Platform and current GateHouse Logistics offerings will continue to be supported during the transition.
“Many global businesses — from retailers to manufacturers — are looking for ways to digitally transform their supply chains and create new business value,” Jett McCandless, CEO and founder of project44, said of the purchase. “We partnered with GateHouse Logistics earlier this year because they offer the largest European capacity provider network, share our commitment to high-fidelity data and have a ‘customer first’ mentality. By bringing our companies together permanently, we have created the first-ever single-pane view into all our customers’ global shipments — an unmatched value.”
Under the acquisition agreement, all GateHouse Logistics employees will be retained as employees of project44, and former GateHouse Logistics CEO Jesper Bennike has been named executive vice president of business development of project44.